Thread: Leave Student Loans Out of Bail Out Package - E-mail.

[quote]From: "Alan Collinge (StudentLoanJustice.org)" <justice@studentloanjustice.org> Add to Address BookAdd to Address Book Add Mobile Alert
To:
Subject: **private September 26th
Date: Fri, 26 Sep 2008 20:27:07 -0700

This could be important for private loan borrowers.

September 26, 2008
Students to Secretary Paulson: Bail Out Distressed Borrowers, Not Banks

Washington — With talks over a $700-billion bailout package for the financial sector expected to continue into the weekend, a group of student and consumer advocates is asking lawmakers to leave student loans out of the plan.

In a letter sent to lawmakers leading the negotiations with Treasury Secretary Henry M. Paulson Jr. and other officials, the groups argue that using taxpayer money to purchase the assets of student-loan companies would be “hasty and ill-conceived.â€

How about asking them to pass on the bailout instead of asking for special favors. I think we need student loans, but we don't need a bailout worse.